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Last Updated: Wed, Jul 1 2015 | 2:59 PM |
Kuwait assembly approves 2015-16 budget, $27bn deficit
Politics & Economics»

Kuwait assembly approves 2015-16 budget, $27bn deficit

Wednesday, 1 July 2015 5:25 PM

Deficit assumes an oil price of $45 per barrel; expected to tighten if oil prices trade in mid-$60s range

Kuwait's UPAC confirms $224m Reem Mall investment
Banking & Finance»

Kuwait's UPAC confirms $224m Reem Mall investment

Saturday, 27 June 2015 1:26 AM

Company will invest in Abu Dhabi's new $1bn Reem Mall project which is set to open in 2018

Kuwait's Investment Dar loses appeal against lifting of legal protection
Banking & Finance»

Kuwait's Investment Dar loses appeal against lifting of legal protection

Sunday, 21 June 2015 5:33 PM

Aston Martin stakeholder says it will review options with advisors following ruling by Kuwaiti court

Gov't to retain 75% stake in Kuwait Airways under new plan
Transport»

Gov't to retain 75% stake in Kuwait Airways under new plan

Sunday, 7 June 2015 7:33 PM

Transport minister says 20% will be offered to Kuwaiti citizens, 5% to current and retired employees

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Kuwait oil giant set to see 36% slump in revenues on cheap oil
Energy»

Kuwait oil giant set to see 36% slump in revenues on cheap oil

Sunday, 7 June 2015 2:57 PM

Kuwait Petroleum Corporation is forecast to see $52bn revenues in fiscal year 2015/16, says lawmaker

Kuwaiti minister to pay $31m bonuses despite looming budget deficit
Banking & Finance»

Kuwaiti minister to pay $31m bonuses despite looming budget deficit

Wednesday, 3 June 2015 1:48 PM

Minister of Public Works, Electricity and Water reportedly says 13,000 public sector staff will get pre-Ramadan bonuses

Kuwait's Al Kharafi Group appoints new chairman
Banking & Finance»

Kuwait's Al Kharafi Group appoints new chairman

Sunday, 31 May 2015 6:07 PM

Firm run by one of Gulf state's most prominent merchant families has appointed Fawzi al-Kharafi as chairman

Jazeera Airways lodges bid to buy 35% Kuwait Airways stake
Transport»

Jazeera Airways lodges bid to buy 35% Kuwait Airways stake

Sunday, 31 May 2015 2:44 PM

Kuwait's low-cost airline says it has begun the bidding process to buy stake in loss-making state carrier

Kuwait's Agility gets approval to issue long term bonds
Transport»

Kuwait's Agility gets approval to issue long term bonds

Thursday, 28 May 2015 2:29 PM

Chief executive quoted as Agility plans to invest $1 billion into the Egyptian market

Unit of Kuwait's Mabanee to receive $495m financing
Banking & Finance»

Unit of Kuwait's Mabanee to receive $495m financing

Wednesday, 27 May 2015 1:31 PM

Mabanee, which owns and operates the landmark Avenues Mall development, says funds will be used to finance business ops

Kuwaiti-backed London theme park signs up bankers to raise $3.2bn funding
Banking & Finance»

Kuwaiti-backed London theme park signs up bankers to raise $3.2bn funding

Tuesday, 26 May 2015 2:38 PM

London Paramount Entertainment Resort is scheduled to open in 2020, is currently in the consultation stage with local interest groups

Kuwait Airways names banks for $400m loan
Banking & Finance»

Kuwait Airways names banks for $400m loan

Monday, 25 May 2015 10:55 AM

NBAD & Arab Banking Corporation will be lead arrangers for the Sharia-compliant loan to purchase five Airbus aircraft to be leased by the airline

Abu Dhabi bank part of $400m deal to finance new aircraft
Banking & Finance»

Abu Dhabi bank part of $400m deal to finance new aircraft

Sunday, 24 May 2015 4:11 PM

National Bank of Abu Dhabi is one of two banks picked by International AirFinance Corporation for loan for five aircraft

Kuwait's Burgan mulls UAE, Saudi, Egypt expansion
Banking & Finance»

Kuwait's Burgan mulls UAE, Saudi, Egypt expansion

Sunday, 24 May 2015 2:30 PM

Chief executive says Kuwait's third-largest lender is looking to raise share of international operations in its business

Shareholders approve $66m Jazeera Airways dividend
Banking & Finance»

Shareholders approve $66m Jazeera Airways dividend

Saturday, 23 May 2015 1:13 AM

Head of Kuwaiti airline also tells AGM that it plans to be debt-free by the end of 2015


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UAE announces Ramadan working hours for the public sector

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Gulf businessmen call for shake-up to cut youth unemployment

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